Financial Markets Authority - Latest News [Page 1]

FMA apologises for privacy breach

Thursday, 7 November 2019, 4:54 pm | Financial Markets Authority

The FMA today apologised for a privacy breach that meant complaints documents sent to the regulator between 2015 and 2017 were potentially accessible via internet searches. More >>

FMA successfully defends FSPR appeal

Monday, 4 November 2019, 11:18 am | Financial Markets Authority

The Financial Markets Authority (FMA) has welcomed a High Court ruling upholding a direction by the FMA to de-register foreign exchange firm FXBTG Financial Limited. More >>

PTT’s Steven Robertson jailed for six years, eight months

Wednesday, 30 October 2019, 1:05 pm | Financial Markets Authority

Steven Robertson has today been sentenced to six years, eight months’ imprisonment at the Auckland High Court as a result of an investigation by the Financial Markets Authority (FMA). More >>

FMA publishes 2019 annual report

Wednesday, 30 October 2019, 9:10 am | Financial Markets Authority

The Financial Markets Authority (FMA) today released its Annual Report for the year to June 2019. This was a watershed year for the regulator when the Financial Markets Conduct Act was fully implemented and normalised across the financial sectors the ... More >>

FMA issues AML/CFT warning to Circle Markets Limited

Friday, 18 October 2019, 9:55 am | Financial Markets Authority

The Financial Markets Authority (FMA) has issued a formal warning to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). Following a ... More >>

FMA seeking feedback on responsible investment products

Thursday, 26 September 2019, 10:23 am | Financial Markets Authority

The Financial Markets Authority is seeking views on how green bonds and other responsible investment products should be described, labelled and promoted to investors. More >>

FMA welcomes Government announcement on expanded remit

Wednesday, 25 September 2019, 1:43 pm | Financial Markets Authority

The FMA (Financial Markets Authority) today welcomed the Government’s announcement that it would introduce legislation to create an oversight regime for regulating conduct in the banking and insurance sectors. More >>

IoD and FMA release te reo Māori directors’ guide

Wednesday, 11 September 2019, 9:26 am | Financial Markets Authority

The Financial Markets Authority (FMA) and Institute of Directors (IoD) have released a te reo Māori translation of The Essentials of Being a Director , coinciding with Māori Language Week. More >>

FMA cancels Barry Kloogh’s financial adviser authorisation

Wednesday, 4 September 2019, 3:06 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has cancelled the authorisation of Dunedin-based Mr Barry Edward Kloogh to act as a financial adviser, as a result of concerns regarding compliance with his broker obligations under the Financial Advisers Act 2008. More >>

Former Promisia chairman admits insider trading breaches

Wednesday, 28 August 2019, 2:21 pm | Financial Markets Authority

Eoin Malcolm Miller Johnson, a former director and chairman of NZX-listed Promisia Integrative Limited (PIL), has admitted to insider trading conduct and breaching a director’s disclosure obligations. He will pay $75,000, in lieu of a penalty, ... More >>

FMA finding on ANZ related party transaction

Thursday, 22 August 2019, 3:10 pm | Financial Markets Authority

The FMA said today it has completed its inquiry into disclosure by ANZ of the sale of the property at 269 St Heliers Bay Road by Arawata Assets Limited to Deborah Veronica Walsh (the wife of former CEO, David Hisco) and has determined that ANZ New Zealand ... More >>

Steven Robertson convicted on 38 charges relating to PTT Ltd

Monday, 19 August 2019, 1:40 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has today welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities. More >>

FMA Statement on Court of Appeal judgment

Friday, 16 August 2019, 2:01 pm | Financial Markets Authority

The FMA notes the judgment from the Court of Appeal in relation to Mr Paul Bublitz and Mr Bruce McKay. More >>

Update: 21 charges filed by FMA against man

Friday, 9 August 2019, 3:06 pm | Financial Markets Authority

21 charges filed by FMA against man who convinced members of the public to ‘invest’ with him More >>

Westpac refunding $7 million for incorrect fees

Tuesday, 6 August 2019, 10:40 am | Financial Markets Authority

The Financial Markets Authority (FMA) and Commerce Commission have formally agreed with Westpac the steps the bank must take to refund fees to some 93,000 customers being overcharged $7 million. More >>

FMA suspends AxiCorp derivatives licence

Thursday, 1 August 2019, 1:39 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader) for material breaches of the Financial Markets Conduct Act 2013, including: More >>

New Zealand launches ‘investment passport’

Friday, 26 July 2019, 1:30 pm | Financial Markets Authority

Kiwi investors and managed funds will now be able to do business more easily with Australia, Japan and Thailand, after New Zealand’s implementation of the Asia Region Funds Passport (ARFP). More >>

FMA confirms date for transitional licensing applications

Thursday, 25 July 2019, 9:46 am | Financial Markets Authority

The Financial Markets Authority (FMA) today announced it will start accepting transitional licence applications from 4 November 2019. More >>

Investor confidence stable and improving over time

Wednesday, 24 July 2019, 10:10 am | Financial Markets Authority

Confidence in New Zealand’s financial markets has remained stable over the past two years, despite volatile global markets and a focus on the culture and conduct of major financial institutions in Australia and New Zealand. More >>

FMA issues Stop Order against Syndicated Trusts Limited

Tuesday, 23 July 2019, 2:55 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products. More >>

 

 

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